No TDS even if property value is above Rs 50 lakh? ITAT gives relief to these homebuyers
Buying a property worth more than Rs 50 lakh usually comes with a tax obligation — the buyer must deduct […]
Income Tax Recent News – 2026
Income tax department moves SC in Genpact tax case
The income tax department has moved the Supreme Court challenging a Delhi High Court decision that refused reopening of Genpact
Income Tax dept to launch outreach programme on new tax law
The regional income tax (I-T) headquarters for Bihar and Jharkhand has prioritised an outreach programme to familiarise stakeholders with the
Tax benefit claimed for reinvestment allowed during reassessment: ITAT
In a taxpayer-friendly ruling, the Mumbai bench of the Income tax appellate tribunal (ITAT) recently held that a claim for
Man gifts a house to father; Income Tax Dept questions ‘timing and intent’ – ITAT flags these lapses
In a ruling that draws a clear line between legitimate tax planning and tax avoidance, the Hyderabad bench of the
New Income Tax assessment procedure: Notices, timelines, rules explained
With the start of the new financial year on April 1, 2026, updated Income Tax assessment rules have officially come
PhysicsWallah’s tax demand trimmed to ₹192.76 crore; appeal filed
Edtech firm PhysicsWallah Limited has secured partial relief in an income-tax dispute, with the tax demand for assessment year 2023–24
New ITR forms: NRIs will now have to separately disclose turnover and income under the new presumptive income scheme
The revised Income Tax Return (ITR) forms for AY 2026–27 now include dedicated fields to report income from businesses covered
ITAT: Co-owner tag alone can’t trigger tax addition
The Mumbai bench of the income tax appellate tribunal (ITAT) has held that merely being named as a co-owner in
TDS deadlines: How to issue certificates by April 14 and deposit tax by April 30
Tax Deducted at Source (TDS) deductors have key compliance obligations in April 2026, including issuing TDS certificates for February transactions
